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20121202
20121210
Search Results 0 to 8 of about 9 (some duplicates have been removed)
willing to go over the fiscal cliff. moody's chief economist, deutsche bank senior u.s. economist telling us just how much that will hurt the economy and the markets, and, of course, investors and everyone in this country in today's money lineup, news on the economy brought life to wall street today inspiring some investors, the news an unexpected increase in factory orders up for a second straight month, and the biggest gains in productivity in the third quarter in two years. business activity, along with new orders, showing their biggest gains last month since the first quarter. stocks finished off their highs. the dow up 83 appointments at the close. the s&p gaining 2.25, and the nasdaq under the weight and pressure of the biggest stock, apple, dropping 23 points. volume today rising to almost 4%.2 billion shares. app 8 stock, as i said, today, laggerred and immense weight on the mark. that stock fell 6.5%, $37, and concerned about the lack of new products on the horizon, concern increased competition in the market might force apple to cut margins to remain competitive that added up to
bit. republican leaders say though are nowhere near on negotiations to avoid the fiscal cliff. >> and protest in tahrir square as anger continues to grow against egyptian president mohammed morsi. we'll have a live report. >> new information on what may have caused a freight train carrying dangerous chemicals to derail in new jersey. >> heather: the clock is winding down to a potential economic disaster. there has been a lot of talk apparently nothing to show for it. democrats and republicans blaming each other nor the standoff with your tax bill riding on the out come. unless an agreement is reached by the end of the month, bush-era tax cuts will expire triggering a rise in taxes by an average of 5%. that means a middle-class family will pay $2,000 more in taxes and married couples would be hurt because of marriage penalty. it doesn't include the budget consequences. $55 billion would be cut from the pentagon and another $55 billion slashed from domestic programs. an estimated 2 million jobs could be lost pushing the economy back into a recession adding to the misery to those
imprisoned. >>> to the fiscal cliff now. the clock continues to tick away. lawmakers now have just 24 days left to make a deal and avoid that combination of big tax hikes and drastic spending cuts that could hit the economy hard. today we are hearing more from both the president and from republicans. with me now, nbc news white house correspondent mike viqueira. viq, does there appear to be any progress? >> reporter: i don't think so, craig, and we're watching it pretty closely. we thought perhaps after yesterday there would be. but this morning in his weekly address the president says no compromise. those top late rates for the w will raise one way or the other, but the wiggle room may be raise by how much. visiting a d.c.-area diner, vice president joe biden said if the gop were willing, the debt deal could be done in short order. >> it would take 15 minutes from the time the decision was made by the speaker of the house to pass and make permanent the middle-class tax cut. the president would probably have me sprint up to the hill to bring the bill down for him to sign. >> reporter: but
had a deal it created this fiscal cliff. my hope is that we have a solution. here is the bottom line on all of this. if they do all the things the president is asking for. we are all going to be worse off. the truth is it's not just about a pledgor protecting millionaires and billionaires. you raise those taxes and the true millionaires and billionaires are the stuff out. the people who are going to get crushed are the install and mid sized businesses who pay on their personal rate. they are going to get hurt by. this lay people off. cut hours. that's going to hurt the middle class. that's going to hurt the working class. it's not going to do anything for the debt. >> intran jent he basically said we are going to raise the rate. if you don't like it we're not going to get a deal. seems like that's where we are going here. >> that's unfortunate. instead of what the president is doing is saying the campaign is over let me governor. put a campaign and put a trophy in the liberal trophy case. what the president is proposing is not going to do anything for the debt. we can't say that enou
and the chances of finding him are very good. >> talks to avoid a fiscal cliff appeared to have hit the skids. the skicliff is tax hikes cominn january 1st. it could send us back into recession. president obama and congressional republicans blocking a deal to avoid an economic catastrophe. marco rubio addressing the public says it does nothing to solve the long-term problem of a ballooning national debt. >> tax increases will not solve our debt only economic growth will help control the debt. house republicans have a democratic bill that already passed the senate. the republican alternative will not work. >> the senate has already done their part. now we are waiting for republicans in the house to do the same thing. but so far they have put forward an unbalanced plan that lowers the rates for the wealthiest americans. >> the tax hikes on americans. they say voters made it clear when he was elected. >> he is a democrat. former florida governor carlie fritz making it official after two years as an independent. he's seen as a candidate former challenger republican rick scott in 2014. we have a m
Search Results 0 to 8 of about 9 (some duplicates have been removed)